Keith S. Walters, Chairman, President and Chief Executive Officer of Ennis, Inc. (NYSE: EBF), a manufacturer of business forms, apparel and other business products headquartered in Midlothian, Texas, announced today that the Board of Directors has increased the quarterly dividend to $0.175 per share from $0.155 per share, or an increase of 13%, and has set the record date for the Annual Shareholder Meeting. “While the Board realizes the Company’s apparel segment is dealing with higher material costs, as are other apparel companies, we feel good about where the Company is and its future prospects and as such elected to increase the Company’s dividend by $.02 per share, increasing the Company’s dividend yield to 4.5% (based on 3/29/12 closing price). This is not a special dividend, but should be reflective of future quarterly amounts subject to the Board’s normal review process,” noted Mr. Walters. The dividend is payable May 1, 2012 to shareholders of record on April 16, 2012. The Annual Meeting of Shareholders will be held on June 28, 2012, with a record date of May 1, 2012.
Ennis, Inc. (
is primarily engaged in the production of and sale of business forms,
apparel and other business products. The Company is one of the largest
private-label printed business product suppliers in the United States.
Headquartered in Midlothian, Texas, the Company has production and
distribution facilities strategically located throughout the United
States of America, Mexico and Canada, to serve the Company's national
network of distributors. The Company, together with its subsidiaries,
operates in two business segments: the Print Segment ("Print") and
Apparel Segment ("Apparel"). The Print Segment is primarily engaged in
the business of manufacturing and selling business forms, other printed
business products, printed and electronic media, presentation products,
flex-o-graphic printing, advertising specialties and Post-it Notes®,
internal bank forms, plastic cards, secure and negotiable documents,
envelopes and other custom products. The Apparel Segment manufactures
T-Shirts and distributes T-Shirts and other active-wear apparel through
nine distribution centers located throughout North America.
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